Great Chesapeake Schooner Race Inc

Analysis

Great Chesapeake Schooner Race Inc is a registered charity in United States, based in Mobjack, VA. It received its IRS tax-exemption ruling in August 1994, 32 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Chesapeake Schooner Race Inc reported income of $58k and spending of $68k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $63k to $58k (-7.2%), an average of -7.2% a year. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Great Chesapeake Schooner Race Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within VA. Charities of a similar size with the same main cause include Conservation Action Fund for Education ($58k), Oss Project Inc ($58k) and Friends of CTWC ($58k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 48% of the total. At year end it held assets of $83k against liabilities of $0, net assets of $83k.